With all respect to AirDNA and the amazing data they provide for STR owners, their pricing tool is not on par with most tools available there. 

This is why seasoned investors run a "stress test" when evaluating their investments.

When you think about it, only the flipper will know the expenses (not generally public record) so analysts or data aggregators can only go off publically available data.

For example, if your house is valued at $400,000 and you only owe $200,000 on your mortgage, your equity would be $200,000.Why Equity Is Such a Big Deal for Homeowners Looking To SellRecent data from the Census and ATTOM shows how significant today’s home equity really is.

Once the interior was stripped and the infrastructure tested, I brought in commercial contractors to handle critical systems like plumbing, electrical, roofing, and HVAC installation.The house, built in the early 1900s, was originally a coal-burning residence.

For market pricing, I collect LTR data from BP rent calculator and multiply by 1.5x.

Better to look at data.

@Joe Gettler, I don't have great data b/c she just helped them for a couple of months, but I think it's just under $4K a month for a nice 2 bedroom in a good location.

That doesn't pass a cursory BS test, and risks the appraiser calling out either fixed plumbing + permits, or a licensed professional remove the bathroom.

I could easily train virtual assistants to handle these payments and have an app created for encrypting sensitive data for facilitating the transactions through financial service partners from my main line of business.